We all know that financial scams target seniors and that they are the most susceptible to the bait. Right? think again… “Stop it with the ageism and delusions of invincibility. Young adults often don’t recognize the bad checks coming at them, or fake job offers, either” writes Ron Lieber for The New York Times. “For…
Category: consumer protection
Airlines where refunds don’t fly
Thanks to The Middle Seat columnist for The Wall Street Journal, Scott McCartney, we know the which airlines to avoid in the future when we start flying again. And for those who are sitting with a voucher that will expire, it’s time to pressure the airlines to refund your fare.When a passenger cancels a non-refundable…
Consumer Financial Protection Bureau head more interested in helping corporations than protecting consumers
“Kathy Kraninger gave her first speech as director of the Consumer Financial Protection Bureau (CFPB) at the Bipartisan Policy Center in Washington, D.C., in April. We were alarmed to hear Kraninger voice an overall vision for the CFPB that appeared antithetical to its core function of “enforcing federal consumer financial laws.” Kraninger stated that she…
Another example of the value of government regulation: The Card Act of 2009
Beside the obvious everyday advantages of vehicle safety regulations like requiring seat belts and air bags in vehicles, many federal laws protect consumer privacy and financial transactions. “May 22 is the 10th anniversary of the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009. The game-changing CARD Act, which was passed by Congress during…